Niti Aayog CEO Amitabh Kant

Goa: India needs to leapfrog to electric mobility and I feel there will be no internal combustion-powered two-wheeler or three-wheelers in the country as they all will move to electric vehicles, Amitabh Kant, Niti Aayog CEO, said on Friday.

Kant pointed out that the market dynamics and technology disruptions will ensure the cost parity of electric vehicles to internal combustion vehicles.

“One thing is very clear that at the speed at which the cost of batteries are falling from $1,100/KW hour to about $100…” he said.

Kant was addressing a first of its kind round table conference witnessing close coordination among state and central government and industries.

He pointed out that the Indian manufacturers have impeccable ability to leapfrog. He feels the falling battery price will help achieve the target.

The roundtable organised by the ministry of heavy industries witnessed the presence of transport ministers from states and UTs from across the country, Chief minister of Goa Pramod Sawant, Union Minister of Heavy Industries Mahendra Nath and others.

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The round table is being organised to bring stakeholders together to work out strategies to promote the adoption of EVs in India and attract investment in the manufacturing of EVs, batteries and high-technology automotive components in India, the official added.

With the focus on establishing Goa as a model of international standards for EV adoption supported by a world-class charging infrastructure and ecosystem, the policy looks to promote conversion of Internal Combustion Engine (IEC) vehicles to EVs, convert 50% of all ferries to electric by 2025, and encourage start-ups and investment in the field of electric mobility and associated sectors.

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